Shareholders Re-appoint Woman Executive Director and Director at 46th AGM
At the 46th AGM on September 26, 2026, shareholders re-appointed Mrs. Jasneet Kaur as Woman Executive Director for 3 years (Oct 1, 2026 to Sep 30, 2029), with pay revised from Rs. 50,000/- per month to Rs. 75,000/- per month (Rs.
By ScoutQuest · · 1 min read
- Mrs. Jasneet Kaur Re-appointment Period
- October 1, 2026 to September 30, 2029
- Mrs. Jasneet Kaur Revised Monthly Remuneration
- Rs. 75,000/- per month (Rs. 9,00,000/- per annum)
- Previous Monthly Remuneration
- Rs. 50,000/- per month
- AGM Date
- September 26, 2026
- Directors Re-appointed
- Mrs. Jasneet Kaur (Woman Executive Director) and Mr. Harman Singh (Director)
What happened
At the 46th Annual General Meeting held on Saturday, September 26, 2026 (concluded at 13:26 hour IST), shareholders approved the re-appointment of two directors.
- Mrs. Jasneet Kaur re-appointed as Woman Executive Director for a period of 3 consecutive years, from October 1, 2026 to September 30, 2029.
- Her remuneration revised from Rs. 50,000/- per month to Rs. 75,000/- per month (Rs. 9,00,000/- per annum), effective October 1, 2026.
- Mr. Harman Singh, whose office was liable to retirement by rotation, was re-appointed as a Director. He is Executive Director and Company Secretary & Compliance Officer.
Background details
- Mrs. Jasneet Kaur first joined the board on 28/03/2015; she drew Rs. 6, 00,000 plus perquisites in FY 2025-26 and holds 100 equity shares.
- Mr. Harman Singh first joined the board on June 26, 2021; he drew Rs. 13.50/- Lakh plus perquisites in FY 2025-26 and holds 100 equity shares. His terms remain as per the special resolution passed at the 44th AGM held on September 21, 2024.
- Both attended 4 (Four) board meetings during FY 2025-26.
- Both are children of Mr. Jaspal Singh, Managing Director and promoter, and are siblings.
What it means
This is a continuity move at the board level rather than a change of leadership. The only financial element is the increase in the Woman Executive Director's pay, which is small in absolute terms.
More numbers
- Existing monthly remuneration, Jasneet KaurRs. 50,000/- per month
- Revised monthly remuneration, Jasneet KaurRs. 75,000/- per month
- Annual remuneration soughtRs. 9,00,000/- per annum
- Re-appointment tenure3 consecutive years
- Remuneration drawn FY 2025-26, Jasneet KaurRs. 6, 00,000 plus perquisites
- Remuneration drawn FY 2025-26, Harman SinghRs. 13.50/- Lakh plus perquisites
- Equity shares held by Jasneet Kaur100 equity shares
- Equity shares held by Harman Singh100 equity shares
- Board meetings attended FY 2025-26 (each)4 (Four)
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